Cygnus Metals Limited (CYG) Financings
TSXV: CYG · Copper, Gold · Advanced Exploration stage
- Market cap$203.5M
- Share price$0.160
- 52-week range$0.095 – $0.240
- Shares outstanding1,271,862,086
- ExchangeTSXV
- Websitewww.cygnusmetals.com
Cygnus Metals Limited (ASX: CY5, TSXV: CYG, OTCQB: CYGGF) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.
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Cygnus Metals Limited financial statements
Key figures read from 32 of 32 financial statement filings, Nov 29, 2018 to Aug 14, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$13,351,264 | C$14,869,835 | C$3,054,848 | C$397,644 | C$13,227,922 |
| Total current assets | C$14,942,436 | C$16,125,095 | C$4,375,624 | C$5,436,555 | C$18,346,320 |
| Total current liabilities | C$2,958,909 | C$3,599,903 | C$2,199,981 | C$3,838,436 | C$4,266,552 |
| Working capital | C$11,983,527 | C$12,525,192 | C$2,175,643 | C$1,598,119 | C$14,079,768 |
| Exploration and evaluation assets | C$73,828,269 | C$61,309,265 | C$5,930,629 | C$5,930,629 | C$5,930,629 |
| Property, plant and equipment | C$1,265,258 | C$1,362,577 | — | — | C$58,050 |
| Total assets | C$90,803,017 | C$78,875,452 | C$11,506,096 | C$12,650,416 | C$24,334,999 |
| Debt | — | — | C$250,706 | — | — |
| Total liabilities | C$6,767,101 | C$7,408,095 | — | — | — |
| Shareholders' equity | C$84,035,916 | C$71,467,357 | C$9,306,115 | C$8,811,980 | C$20,068,447 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | (C$301,680) | (C$981,592) | C$4,604,832 | C$17,816,880 | C$11,710,971 |
| General and administrative | (C$93,029) | (C$136,183) | C$493,615 | C$947,401 | C$1,029,595 |
| Share-based compensation | (C$2,496,733) | (C$2,016,732) | C$551,417 | C$711,474 | C$738,288 |
| Net income (loss) | — | — | (C$5,821,135) | (C$18,030,370) | (C$13,914,561) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$5,680,745) | (C$1,923,096) | (C$2,965,676) | (C$17,429,118) | (C$16,591,892) |
| Investing cash flow | (C$13,010,891) | (C$5,874,660) | — | — | — |
| Financing cash flow | C$17,188,788 | C$13,322,224 | C$6,708,684 | C$5,089,504 | C$25,558,581 |
| Property, plant and equipment spending | (C$24,909) | (C$7,662) | — | — | — |
| Proceeds from share issues | C$18,300,000 | C$13,996,000 | — | — | — |
| Change in cash | (C$1,502,848) | C$5,524,468 | C$3,743,008 | — | — |
| Cash at end of period | C$13,351,264 | C$14,869,835 | C$4,140,652 | C$397,644 | C$13,227,922 |
No financings are on record for Cygnus Metals Limited yet.